How many apartments are available in Portuguese Bend on Rentable.co?

Rentable.co has over 1 apartment available near Portuguese Bend.

How many apartments are available in Rancho Palos Verdes, CA on Rentable.co?

Rentable.co has over 419 apartments available in Rancho Palos Verdes.

What is the average rent for a studio apartment in Rancho Palos Verdes, CA?

The average rent for a studio apartment in Rancho Palos Verdes is around $2,250 per month.

What is the average rent for a one-bedroom apartment in Rancho Palos Verdes, CA?

The average rent for a one-bedroom apartment in Rancho Palos Verdes is around $2,600 per month.

What is the average rent for a two-bedroom apartment in Rancho Palos Verdes, CA?

The average rent for a two-bedroom apartment in Rancho Palos Verdes is around $2,940 per month.

How expensive is it to rent an apartment in Rancho Palos Verdes, CA?

For a two-bedroom apartment in Rancho Palos Verdes, the average rent price is $2,940 per month, which is higher than the national average of $1,620 per month.

Can I afford an apartment for rent in Rancho Palos Verdes, CA?

Based on average rent prices in Rancho Palos Verdes, to afford a studio apartment you would need an annual household income of $90,000 to live comfortably.

Apartments in Portuguese Bend Rancho Palos Verdes

Rancho Palos Verdes:
May Rent Report

Welcome to the May 2024 Rancho Palos Verdes Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Rancho Palos Verdes rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Rancho Palos Verdes and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Rancho Palos Verdes average rent prices in the chart below.

Monthly Rent Report

$3,500

$2,630

$1,750

$880

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Rancho Palos Verdes Rent Prices Decrease From April to May

Rancho Palos Verdes rent prices decreased over the last month. From April to May, the city experienced a -0.67% decrease for the price of a one-bedroom apartment. The rent price for a Rancho Palos Verdes one-bedroom apartments currently stands at $2,664.0.

When we take a look at the two-bedroom comparison from April to May, Rancho Palos Verdes experienced a -4.28% decrease for the price of a two-bedroom apartment. The rent price for a Rancho Palos Verdes two-bedroom apartments currently stands at $3,175.0.

May Prices: Rancho Palos Verdes vs. Surrounding Areas

Rent Prices in Rancho Palos Verdes and Surrounding Areas

Rent prices have decreased in Rancho Palos Verdes over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Rancho Palos Verdes suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Rancho Palos Verdes suburbs
Rents did not decrease in any of the Rancho Palos Verdes suburbs.

May 2024 Pricing Trends: Rancho Palos Verdes vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Rancho Palos Verdes Rent Prices More Affordable Than Major Cities

Rent growth in Rancho Palos Verdes over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Rancho Palos Verdes average rent prices appear to be relatively affordable for local residents.

The price for a Rancho Palos Verdes one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Rancho Palos Verdes and surrounding area rent prices, take a look at the complete data set below.

Data set for Rancho Palos Verdes and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.